Moody National Bank Trust Division Purchases 5,401 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Moody National Bank Trust Division boosted its position in Trinity Capital Inc. (NASDAQ:TRIN) by 41.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,332 shares of the company’s stock after purchasing an additional 5,401 shares during the period. Moody National Bank Trust Division’s holdings in Trinity Capital were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Emerald Advisers LLC raised its holdings in shares of Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after buying an additional 82,001 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Trinity Capital by 37.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock worth $2,734,000 after purchasing an additional 55,131 shares during the period. State Street Corp lifted its position in shares of Trinity Capital by 3.3% during the third quarter. State Street Corp now owns 61,170 shares of the company’s stock worth $861,000 after purchasing an additional 1,936 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Trinity Capital by 14.3% during the third quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after purchasing an additional 162,905 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock valued at $3,572,000 after purchasing an additional 212,353 shares during the period. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Insider Activity at Trinity Capital

In related news, Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $13.59 per share, with a total value of $27,180.00. Following the transaction, the director now owns 25,836 shares of the company’s stock, valued at $351,111.24. The trade was a 8.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Steve Louis Brown purchased 19,350 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the completion of the acquisition, the chairman now directly owns 722,182 shares in the company, valued at approximately $9,475,027.84. This trade represents a 2.75 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 29,702 shares of company stock worth $392,696 over the last three months. 6.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reiterated an “underweight” rating and set a $13.00 price objective on shares of Trinity Capital in a report on Monday, December 2nd.

Trinity Capital Trading Up 1.0 %

TRIN opened at $14.61 on Thursday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $14.39 and its two-hundred day moving average is $14.15. The company has a market capitalization of $860.62 million, a P/E ratio of 8.54 and a beta of 0.55. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $15.26.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.96%. Trinity Capital’s dividend payout ratio is currently 119.30%.

About Trinity Capital

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.